logo

A user lost approximately 50 million dollars in a single transaction due to slippage, and the founder of Aave stated that the interface had issued multiple warnings

By: rootdata|2026/03/14 14:42:01
0
Share
copy

A crypto user lost approximately $50 million in a token swap transaction on Thursday. On-chain data shows that the user exchanged about $50.43 million worth of aEthUSDT for aEthAAVE through the CoW Protocol, but due to insufficient liquidity pool depth, the transaction experienced a slippage of over 99%, ultimately resulting in the user receiving only about 327 aEthAAVE, worth approximately $36,000, with the difference being captured by arbitrage traders and network intermediaries.

Aave founder Stani Kulechov posted on the X platform that the user purchased AAVE using $50 million USDT through the Aave interface. Due to the unusually large size of the single order, the interface issued an extreme slippage warning to the user and required confirmation. After accepting the warning on a mobile device, the user proceeded with the transaction.

Kulechov stated that the CoW Swap router operated as expected and followed industry-standard operating procedures, but the outcome was clearly not ideal. Kulechov mentioned that Aave plans to contact the user and refund approximately $600,000 in fees charged from the transaction. Days before this incident, about $27 million in positions on Aave were liquidated, and some market participants believe that this liquidation may be related to a temporary pricing issue with wstETH.

-- Price

--

You may also like

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis

Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Popular coins

Latest Crypto News

11:42

Xiao Feng: Supporting the implementation of compliant stablecoins, Hong Kong's digital financial system enters a new stage

HashKey Group Chairman Xiao Feng previously stated in an exclusive interview with Hong Kong Wen Wei Po that the issuance of the first batch of stablecoin licenses in Hong Kong is an important step for the local digital asset market. He pointed out that this move marks a further acceleration of Hong ...
11:42

Data: The current whale position on the Hyperliquid platform is 3.899 billion USD, with a long-short position ratio of 1.06

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $3.899 billion, with long positions at $2.004 billion, accounting for 51.39% of the holdings, and short positions at $1.895 billion, accounting for 48.61%. The profit and loss for long positions is $29....
11:42

Cumberland associated wallet withdraws a value of 59.52 million USD in ETH

According to Lookonchain monitoring, in the past 12 hours, a wallet associated with Cumberland (0x091...336) withdrew 26,500 ETH from OKX, Binance, Bybit, and Coinbase, worth $59.52 million.
11:42

Data: In the past 24 hours, the total liquidation across the network was 187 million USD, with long positions liquidated at 63.2385 million USD and short positions liquidated at 124 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $187 million, with long positions liquidated at $63.2385 million and short positions liquidated at $124 million. Among them, Bitcoin long positions were liquidated at $10.1822 million, Bitcoin short posit...
11:42

WLFI repaid 25 million USD1 loans at Dolomite, and the deposit interest rate has returned to 10.43%

WLFI has repaid 25 million USD1 loans on Dolomite, and the available liquidity of USD1 on Dolomite has now recovered to 35 million USD.The deposit interest rate for USD1 on Dolomite has returned to a normal 10.43% (previously it had surged to 34%), slightly higher than USDC's 9.07% and USDT's 7.74%....
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com